U.K. Materials Undervalued based on future growth

Hochschild Mining

Market Cap: UK£2.9b

A precious metals company, engages in the exploration, mining, processing, and sale of gold and silver deposits in Peru, Argentina, the United Kingdom, Canada, Brazil, and Chile.

Pan African Resources

Market Cap: UK£2.7b

Engages in the mining, extraction, production, and sale of gold in South Africa.

RHI Magnesita

Market Cap: UK£1.1b

Develops, produces, sells, installs, and maintains refractory products and systems used in industrial high-temperature processes worldwide.

Atalaya Mining Copper

Market Cap: UK£1.1b

Engages in the mineral exploration and development in Spain.

Marshalls

Market Cap: UK£356.5m

Manufactures and sells landscape, building, and roofing products in the United Kingdom and internationally.

AltynGold

Market Cap: UK£291.1m

Engages in the exploration and development of gold producing mine in the Republic of Kazakhstan.

ACG Metals

Market Cap: UK£273.2m

Produces gold and silver in Turkey.

Sylvania Platinum

Market Cap: UK£233.4m

Engages in the retreatment of platinum group metals (PGM) bearing chrome tailings materials in South Africa.

Serabi Gold

Market Cap: UK£200.7m

Engages in the evaluation, exploration, and development of gold and other metals mining projects in Brazil.

Petropavlovsk

Market Cap: UK£47.5m

Petropavlovsk PLC operates as a gold mining company in the Far East of Russia.

Goldplat

Market Cap: UK£22.6m

Operates as a mining services company in South Africa and Ghana.